Acquisitions & Divestitures

The combination of pent-up demand combined with the opening of capital markets and a bullish outlook for gas prices is going to create an exciting deal flow in late 2009 and into 2010, driven by shale plays, according to Jefferies Randall & Dewey managing director Bill Marko. Marko spoke at Hart’s Developing Unconventional Gas conference in Fort Worth.

“You need optimistic buyers, people who believe in $6 to $7 as the prevailing price,” he said. “At $6 to $7, the shales work all day long, even without cost reductions.”

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